Technopreneur Winston Darillo to start Philippine Angel Network Fund

Technopreneur Winston Darillo to start Philippine Angel Network Fund January 25, 2013 by Terence LEE The Philippines will soon have its own Angel Network. The project is led by serial entrepreneur Winston Damarillo and PhilDev , a non-profit that promotes economic development through science and technology, It also has the support of Dado Banatao, a Filipino pioneer in Silicon Valley. Dubbed the Philippine Angel Network Fund, the initiative will target Philippine-based startups as well as companies headed by Filipino-Americans. The fund, which has support from the Philippine government’s Department of Trade and Industry, will ask individual investors to commit to an investment level of at least USD 100k. “We need to do it fast because we are so far behind,” Damarillo told the Philippine Daily Inquirer . He added that similar angel funds in other parts of Asia have already ...